Brief: Ford Otosan Signs Loan Agreement Up To EUR 650 Mln With EBRD

Ford Otomotiv Sanayi AS

14/07/2021 16:27

July 14 (Reuters) - FORD OTOMOTIV SANAYI  FROTO.IS :
    * SIGNS LOAN AGREEMENT UP TO EUR 650 MILLION WITH EUROPEAN
BANK
FOR RECONSTRUCTION AND DEVELOPMENT (EBRD)
    * EUR 175 MILLION OF FACILITY TO BE FUNDED BY EBRD
    * EUR 475 MILLION TO BE DELIVERED BY A SYNDICATE OF LENDERS
    * FUNDS ARE EXPECTED TO BE UTILIZED TILL 31 JAN 2022
    * EUR 325 MILLION OF FACILITY HAS 5 YEARS MATURITY, APPROX
TWO
YEARS GRACE PERİOD, INTEREST RATE OF EURİBOR +2.30% PER ANNUM
    * REMAINING EUR 325 MILLION HAS TERM OF 7 YEARS, APPROX 2
YEARS
GRACE PERIOD, INTEREST RATE OF EURIBOR +2.45% PER ANNUM

Source text for Eikon:  ID:nIKA4Q2NxB 
Further company coverage:  FROTO.IS 

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